Pension payments begin on January 7, 2015

Pension payments for December 2014 will begin on Wednesday, January 7, 2015, announced the Institute for Pension and Disability Insurance of the Federation of BiH, reports the Bosnian news agency Patria. 

Pensions realized under the Law on MIO/PIO will be calculated and paid according to the coefficient of 1.816, meaning that the amounts of the lowest, guaranteed and highest pensions remain unchanged. 
 
Thus, the lowest pension amounts to 326.17 KM, the guaranteed pension to 434.90 KM, while the highest pension amounts to 2,174.48 KM.  

Pensions realized under the Law on the Rights of Demobilized Soldiers and Members of Their Families and the Law on Service in the Army of the Federation of BiH will be calculated and paid according to the coefficient of 1.485. 

The total funds required for the payment of pensions for December, including costs, amount to about 153 million marks, the statement said.